K.I.C. DEF: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
K.I.C. DEF
Largest movements
- Cash +€19,926
up €19,926 (+61.7%), from €32,295 to €52,221
mainly Depreciation (+€17,609) and Net result for the year (+€9,927)
- Tangible fixed assets -€3,109
down €3,109 (-5.5%), from €56,698 to €53,589
of which Furniture and vehicles: -€7,655
- Deferred charges and accrued income -€3,036
down €3,036 (-28.6%), from €10,615 to €7,579
- Reserves +€9,927
up €9,927 (+6.5%), from €151,958 to €161,885
of which Distributable reserves: +€9,927
- Current portion of long-term debt +€3,037
up €3,037 (+27.6%), from €10,995 to €14,032
- Gross operating margin -€9,597
down €9,597 (-22.8%), from €42,163 to €32,566
- Depreciation +€3,281
up €3,281 (+22.9%), from €14,328 to €17,609
- Financial income +€2,621
up €2,621 (+338%), from €775 to €3,396
- Taxes -€2,196
down €2,196 (-34.1%), from €6,439 to €4,243
- Financial charges -€2,101
down €2,101 (-42.4%), from €4,958 to €2,857
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,881 | €247,952 | +€12,071 | +5.1% |
| Fixed assets | 21/28 | €190,494 | €188,152 | -€2,342 | -1.2% |
| Tangible fixed assets | 22/27 | €56,698 | €53,589 | -€3,109 | -5.5% |
| Land and buildings | 22 | €25,120 | €20,720 | -€4,400 | -17.5% |
| Plant, machinery and equipment | 23 | €11,802 | €20,748 | +€8,946 | +75.8% |
| Furniture and vehicles | 24 | €19,776 | €12,121 | -€7,655 | -38.7% |
| Financial fixed assets | 28 | €133,796 | €134,563 | +€767 | +0.6% |
| Current assets | 29/58 | €45,387 | €59,800 | +€14,413 | +31.8% |
| Amounts receivable after more than one year | 29 | €2,477 | - | -€2,477 | |
| Other amounts receivable | 291 | €2,477 | - | -€2,477 | |
| Cash at bank and in hand | 54/58 | €32,295 | €52,221 | +€19,926 | +61.7% |
| Deferred charges and accrued income | 490/1 | €10,615 | €7,579 | -€3,036 | -28.6% |
| Total equity and liabilities | 10/49 | €235,881 | €247,952 | +€12,071 | +5.1% |
| Equity | 10/15 | €170,550 | €180,477 | +€9,927 | +5.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €151,958 | €161,885 | +€9,927 | +6.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €150,099 | €160,026 | +€9,927 | +6.6% |
| Amounts payable | 17/49 | €65,331 | €67,475 | +€2,144 | +3.3% |
| Amounts payable after more than one year | 17 | €40,407 | €39,073 | -€1,334 | -3.3% |
| Financial debts | 170/4 | €40,407 | €39,073 | -€1,334 | -3.3% |
| Amounts payable within one year | 42/48 | €24,537 | €28,402 | +€3,865 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €10,995 | €14,032 | +€3,037 | +27.6% |
| Taxes, remuneration and social security | 45 | €10,788 | €12,548 | +€1,760 | +16.3% |
| Taxes | 450/3 | €10,788 | €12,548 | +€1,760 | +16.3% |
| Other amounts payable | 47/48 | €2,754 | €1,822 | -€932 | -33.8% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,328 | €17,609 | +€3,281 | +22.9% |
| Other operating charges | 640/8 | €1,159 | €1,326 | +€167 | +14.4% |
| Gross operating margin | 9900 | €42,163 | €32,566 | -€9,597 | -22.8% |
| Operating profit (loss) | 9901 | €26,676 | €13,631 | -€13,045 | -48.9% |
| Financial income | 75/76B | €775 | €3,396 | +€2,621 | +338% |
| Recurring financial income | 75 | €775 | €3,396 | +€2,621 | +338% |
| Financial charges | 65/66B | €4,958 | €2,857 | -€2,101 | -42.4% |
| Recurring financial charges | 65 | €4,958 | €2,857 | -€2,101 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €22,493 | €14,170 | -€8,323 | -37.0% |
| Income taxes | 67/77 | €6,439 | €4,243 | -€2,196 | -34.1% |
| Profit (loss) for the period | 9904 | €16,054 | €9,927 | -€6,127 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,054 | €9,927 | -€6,127 | -38.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.